Exotic
USD/MXN
Reference rate
18.0348
Bank of Canada-derived · 2026-09-29
Pip value (10,000 units)
C$0.08
Pip size 0.0001
Most active (ET)
8 a.m.–3 p.m. ET.
2026-09-29 → 2026-04-09 · -3.63%
- Latest
- 17.3805
- High
- 18.0348
- Low
- 16.8883
What moves USD/MXN
- Banxico vs Federal Reserve rates
- U.S. trade policy and CUSMA
- Risk sentiment
- Oil and remittance flows
The Canadian angle
High interest rates make the peso a popular carry-trade currency — until volatility spikes.
Related: what moves the loonie · pip calculator · market hours
Registered brokers to trade USD/MXN
- #1
Interactive Brokers Canada
CIRO-registeredBest for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account
- Platforms
- TradingView
- FX pairs
- 100+
- Min. deposit
- $0
- CIPF
- Yes
9.5/ 10 - #2
Questrade
CIRO-registeredBest for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm
- Platforms
- Proprietary
- FX pairs
- 100+
- Min. deposit
- $0
- CIPF
- Yes
9.4/ 10 - #3
CMC Markets Canada
CIRO-registeredBest for: Traders who want the widest CFD and currency-pair range from a Canadian dealer
- Platforms
- MT4, TradingView
- FX pairs
- 150+
- Min. deposit
- $0
- CIPF
- Yes
⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.
8.9/ 10
Questions
What is one pip worth on USD/MXN in Canadian dollars?
A pip on USD/MXN is 0.0001. On 10,000 units that's 1 MXN, or about C$0.08 at the latest Bank of Canada rate.
When is USD/MXN most active?
8 a.m.–3 p.m. ET.
Where can Canadians trade USD/MXN?
Through CIRO-registered dealers that offer forex, such as Interactive Brokers Canada, Questrade, CMC Markets Canada. Leverage on exotic pairs is much lower than on majors.
Rates are Bank of Canada daily averages (cross rates derived via CAD) for information only — not trading prices or advice. Source: Bank of Canada.